Gold Plunges ₹972 to ₹1.52 Lakh Per 10 Grams in India as Silver Falls ₹3,414

Gold and silver prices plummeted in India on [no specific date mentioned], with gold falling by ₹972 to ₹1.52 lakh per 10 grams, according to the India Bullion and Jewellers Association (IBJA). Silver witnessed an even steeper correction, dropping by ₹3,414 to settle at ₹2.34 lakh per kilogram.

Despite this decline, both metals have registered significant gains overall in 2026, with gold rising by ₹19,000 so far this year and silver increasing by ₹4,000 from the start of the year. Gold hit an all-time high on January 29, 2026, at ₹1.76 lakh per 10 grams, while silver peaked at ₹3.86 lakh per kg on the same day.

Industry experts advise retail consumers to remain vigilant when purchasing jewelry, insisting that gold be certified by the Bureau of Indian Standards (BIS) and looking for the unique six-digit alphanumeric Hallmark Unique Identification (HUID) number stamped on the item. They also recommend cross-verifying daily rates on trusted platforms like the IBJA website before finalizing a purchase.